BlogInventory

5 Strategies to Eliminate Expiry Losses in Your Pharmacy

O

Owais

Founder, PharmaDesk

April 4, 20269 min read

Expired inventory is a silent killer of pharmacy margins. In India, where independent medical stores often operate on tight spreads, even 2-3% loss to expiry can wipe out a month's profit.

1. The 6-Month Notification Rule

Your software should proactively flag items reaching expiry at least 6 months in advance. This gives you ample time to either run a specific 'Clearance Scheme' or return the stock to the distributor for full credit.

2. FIFO (First-In, First-Out) Optimization

Many staff members grab the strip closest to the front of the shelf. An intelligent system will prompt the billing staff to pick from the shortest-dated batch first, ensuring your inventory rotates scientifically.

3. Automated Return-to-Vendor Logs

Don't wait for your shelves to fill with expired bottles. Use automated logs to generate 'Debit Notes' for your distributors immediately when an item expires, ensuring you get your refund faster.

With PharmaDesk, our users report an average reduction in expiry losses of over 85% within the first three months of usage.

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